Petra Hess of has been looking at cybersecurity-related stocks in the aftermath of the Equifax data breach from September, and after realizing that companies like Palo Alto Networks (PANW), Symantec (SYMC) and Fireye (FEYE), she looked at the ETFMG Prime Cyber Security ETF (HACK) and realized it was filled with the stocks she had an interest in. Provided the stock opens the day above $31.07 — Friday’s high — Hess plans to start building a position, expecting the stock to test past resistance levels north of $33 per share..If HACK fell below it’s 50-day moving average of $29.55, she’d be out of the shares. Hess said that in researching the stocks in the industry and the ETF, she also wants to buy some of the individual securities, most notably PANW.

Petra Hess runs and is a technical swing trader and long-term investor in domestic and Canadian stocks and ETFs. She had no shares options or open orders in HACK, PANW, SYMC or FEYE when she recorded this interview on Oct. 6, but was planning to buy HACK — and potentially one or more cyber-security stocks — if the price action moved as described in this podcast. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

Author: RagingBull

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